Ireland’s standard of living below EU average

The standard of living experienced by Irish citizens is below the EU average, despite Ireland having the second highest GDP among the 28 member states.

Using a new measure used to determine household wealth, Eurostat, the EU’s statistics office, has found that the Irish standard of living per inhabitant in 2014 was 10% below the EU average, and on a par with per capita living standards in Spain and Cyprus, but below those of Italy.

At the same time, price levels in Ireland were the fifth highest among the EU’s 28 member states.